One of the topics recently discussed in Bitcoin is the increasing risk of quantum computing.
While some analysts argue that quantum technology is crucial for Bitcoin (BTC) and that urgent action is needed, others believe the issue is being exaggerated.
At this point, Nic Carter stated that Bitcoin faces the risk of falling behind Ethereum (ETH) due to quantum risk.
Castle Island Ventures partner Nic Carter said Bitcoin developers urgently need to find a solution to the threat of quantum computing.
Otherwise, they risk falling behind Ethereum, which already has a roadmap for quantum resilience, he stated.
Carter stated that Elliptic Curve Cryptography (ECC), the mathematical basis of Bitcoin’s security, has effectively reached its limits and will inevitably need to be replaced within the next three to ten years.
Bitcoin currently uses a system based on elliptic curve cryptography, and with the development of quantum computers, this cryptographic system could become ineffective. That’s why Carter says urgent action is needed.
In response, Carter noted that Ethereum has begun to address the quantum threat and that ETH has prepared a roadmap to roll out quantum-resistant technology protocol-wide by 2029.
Carter stated that if adjustments aren’t made quickly, BTC could fall behind ETH, saying, “Ethereum has already set its course, but other projects are still slow to respond. If this continues, the differences could also be reflected in the ETH/BTC flow.”
*This is not investment advice.